I am NOT poo-pooing the idea of taking preventative measures. In fact, I applaud the taking of various preventative measures, yet when push comes to shove, we may be in a situation in which you gotta produce something b/c your hostage taker knows too much.. and it may even be related to someone who knows you well leaking information about you (which is a likely scenario.. an ex-wife.. or a nephew or some other ptiot confident)
The best way to resist extortion is to be incapable of complying. There are some very useful things that could be done with multisig toward that end. That's the kind of thing that I am thinking too, regarding the most feasible preventative measure... somehow to make yourself incapable of complying... but still to be able to have access to the funds in the event that you need them.. without having to trust others... A problem with multi-sig would be if you have to trust others or the others could gang up on you and take control over your coins. |
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Wow thats actually really good for just Second Market Just from this data, we can extrapolate that the average bid through the Second Market syndicate was for about 258 BTC, and that on average each bidder made 4.5 bids. Those results may NOT be too far removed from the behavior of larger fish who were bidding on the whole lots. Also since the minimum bid was for 2,656 BTC, at most (through the syndicate), Second Market put in 18 bids to the US Marshalls. |
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"imagine a bitcoin" then "imagine..." then "imagine...."
Lot's of imagining going on.
Bitcoin is considered to be a great innovation because it is virtual cash. I am just a step ahead of everybody here: I virtually trade it.  From what I have seen of your various writings over the last several months, I will grant that you seem to have a fairly well developed imagination, relatively speaking.  |
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The price in China suddenly stabilized and was flat for 45 minutes straight, and volume fell to very low levels -- even though trade is usually still strong at this hour. And now trade is picking up again. How strange. Does anyone know of some phenomenon that lasts almost exactly 45 minutes?  World Cup, Brazil-Chile first half? Church working in the military college class Starting soon after midnight, China time? (But 1 pm here in Brazil ) Typical human copulation? (Probably in both China and Brazil.) Aminorex: That's pretty good stamina.. must include the wine and the cigarette in your calculation. |
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if someone is holding you... and saying, "your bitcoins or your life", which one would you prefer to keep?
My solution is XMR. If my balance can not be known, I can give up a throw-away wallet. If the fact that I have a balance can not be known, I will never be targeted for extortion. +1 Noone being able to know your balance is one of the best features of XMR. The large liquidity available is the second. People write things down and engage in a variety of practices... Maybe you can hide your total wealth, and maybe NOT? I am NOT poo-pooing the idea of taking preventative measures. In fact, I applaud the taking of various preventative measures, yet when push comes to shove, we may be in a situation in which you gotta produce something b/c your hostage taker knows too much.. and it may even be related to someone who knows you well leaking information about you (which is a likely scenario.. an ex-wife.. or a nephew or some other ptiot confident) |
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Work extra to buy a bitcoin. Time better spent than monitoring the chinese exchanges. And who knows, one day you might actually be grateful for it.
If you trade with bitcoin, you should watch the Chinese exchanges most of all. But you don't trade bitcoin, do you? I would think that it is very difficult to trade with bitcoin if you do NOT have any. What Jorge does is: "imagine a bitcoin" then "imagine..." then "imagine...." Lot's of imagining going on. |
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Really though, if someone is holding you... and saying, "your bitcoins or your life", which one would you prefer to keep?
Solutions:
reversibility?
multisig?
tracking? (that's not gonna happen is it?)
I keep both.. All I do is turn to them and say, "if you kill me, nobody will have access to my bitcoins. I am worth so much more alive since only I know the password. If you let me go immediately I will consider (a) giving you a few satoshis, (b) not going to the police, pressing charges and having you sent to prison. The longer you delay, the less likely a and b will happen.." But in reality I will have my bitcoins go to family or friends if I die, and I would never give them any satoshis no matter how quickly they release me, and will do my best to land them in prison no matter what.. yeah.. it's all good in theory, and if you are getting your ideas from TV.. or Fox news... Likely if your fingers are being chopped off (or some other means of coercion), the theoretical becomes more real.... |
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The price in China suddenly stabilized and was flat for 45 minutes straight, and volume fell to very low levels -- even though trade is usually still strong at this hour. And now trade is picking up again. How strange. Does anyone know of some phenomenon that lasts almost exactly 45 minutes? World Cup, Brazil-Chile first half? Church working in the military college class |
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C'mon people. Quoting Mervyn_Pumpkinhead is really destroying this thread. Cut that out.
A much better quoting policy  Seen a few articles lately from localised news sources about relatively small businesses being held to ransom with bitcoin and my tinfoil hat tells me its the start of a smear campaign. Probably just perfectly normal paranoia but just in case... This a real phenomenon that is going to need to be dealt with or addressed in some various ways... I certainly do NOT know the solution... except maybe there are some multi-sig solutions... but those seem to create problems as well... people robbed banks in the wild wild west b/c that is where the money was.... greed can be very powerful... and taking from someone else (or attempts at such) can be somewhat direct with bitcoin... I've not really spent a whole lot of time studying them but what make me suspicious is their timing wasn't far apart and they seemed fairly similar yet they where a long distance apart from each other. That suggests an organisation rather than individuals and they focus on the single aspect of bitcoin that puts it ahead of cash for criminals, no need for any physical exchange. I'd guess the best course of action for anyone receiving threats is to notify law enforcement (or load up on shells) and refuse to pay but if anything is paid then the transaction must be made public so it can be tracked. Things like this will likely only serve to promote coin tracking features which will in turn create black and white bitcoin economies (or increase the utility of more anonymous systems such as darkcoin). Really though, if someone is holding you... and saying, "your bitcoins or your life", which one would you prefer to keep? Solutions: reversibility? multisig? tracking? (that's not gonna happen is it?) |
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C'mon people. Quoting Mervyn_Pumpkinhead is really destroying this thread. Cut that out.
A much better quoting policy Seen a few articles lately from localised news sources about relatively small businesses being held to ransom with bitcoin and my tinfoil hat tells me its the start of a smear campaign. Probably just perfectly normal paranoia but just in case... This a real phenomenon that is going to need to be dealt with or addressed in some various ways... I certainly do NOT know the solution... except maybe there are some multi-sig solutions... but those seem to create problems as well... people robbed banks in the wild wild west b/c that is where the money was.... greed can be very powerful... and taking from someone else (or attempts at such) can be somewhat direct with bitcoin... |
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C'mon people. Quoting Mervyn_Pumpkinhead is really destroying this thread. Cut that out.
He is going to single-handedly destroy bitcoin too.... OMG... NOT
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Unlike bitcoin, gold has practical application besides storing and transferring wealth.
So how do you call being able to formalise a contract without trust or third parties involved? A public ledger that anyone can use to vote where no one can lie or cheat the system? Bitcoin can be the money of the internet and a store of wealth but it has a lots of practical applications too. If you are only seeing the currency side of Bitcoin you are missing a lot of potential. He is only seeing the fabricated ponzi scheme side of bitcoin and the made up regligiosity of bitcoin... Pumpkinhead is NOT intending on engaging in a meaningful dialogue about various beneficial aspects of bitcoin, he just wants to attempt to simplify and then proclaim that he has all the answers and knowledge and that we are NOT listening to his brilliance... which his post history would show brilliance within Pumpkinhead (at least in regard to his bitcoin proclamations) is far from an actual tangible.. Though he may be brilliant at spreading FUD and/or derailing us from engaging in meaningful and productive discussions. |
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I think that all the new posters here and on reddit is a good sign.
Are the overall numbers (adoption) increasing though? Yes, although it increases faster during the bubbles. It's good to look at those various indicators on bitcoin pulse from time to time.... We do seem due for another bubble, but I would NOT be surprised if we have several more weeks of either flat or just gradual increases through upper $600s and if we start to get into the $700 territory, there may be some attention and then by $800 people may begin to think that they better get on board for the bubble before it is too late.. I am mostly in BTC (to the extent that I plan to get "in"), and just investing most of my new fiat into BTC as it comes in my direction... which sometimes takes a while to get... The rapid bubble could happen soon, but I am expecting that the more likely scenario will be that we will have a gradual increase in BTC prices first maybe over the next 6 weeks or a little longer... Then the violence, i mean upswing... WHY NOT? |
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I think that all the new posters here and on reddit is a good sign.
Are the overall numbers (adoption) increasing though? |
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fuck BTC, i was hoping to buy some cheap BTC today  You had a chance for cheap, right before the auction ended, you had an opportunity for $575-ish, and that's pretty cheap. |
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Amazed that the prices have been so solid with the auction stuff...as always though HODL
we wont go past 600 until the winning bid is revealed bid"S"..... there are 10 lots and accordingly 10 winning bidS EDIT: Additionally, the more bids that you know about the more information that you are going to have to infer the winning bid(s).. For example, if you made 10 bids, you are going to know quite a bit more than if you only know about one bid. |
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WTF MAT?? Why aren't we going doooooowwwwwwwnnnnnnnn??
Don't worry, I just made another one of my impulsive no logic rush of blood to the head trades and went long at $600. So things should start turning to the downside pretty soon I would imagine. The last carefully considered long position I took was at $560..........but sitting staring at the 15 minute chart with my nose 1 inch away from the screen, I noticed some whale made a big fucking 500 BTC dump, so I cashed out my position at $560...2 days later, $600, some $15 above my $585 target.... See....there we go...down to $593.88 within ten minutes of me taking my long position. You can always rely on the market to go the exact opposite way of these impulse trades that I tend to make and seem incapable of exercising any control over. Just BUY and HODL. Stop trading. |
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There are few guys on that photo too even if it is called "Women in Bitcoin" Sexchange or missed title? Some guys do NOT want to be left out.... |
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This place has gone completely insane. Everyone is completely obsessed with what price the coins went for as if it's the most important thing ever in the history if Bitcoin yet NOT ONE person here has been able to answer this: Also i wonder you mention below or above market price. Is that the price the minute the auction closes?The price it was when the bids had to be in? The price on Stamp or somewhere else? Who decides what the market price actually is?
Could it be that noone really has a clue?
You idiots can't even tell what above or under the market is yet it's the only thing you talk about. As i said before this place is at the same level as the Btce trollbox. Just as dumb. Oh and in the meantime all you panic sellers probably sold more than there are coins in the auction out of fear of that same auction. That alone is one of the most retarded things ever. If someone needed more proof how dumb Bitcoin traders are, there you go. If shroomski would take half the posters off of ignore, then he may come to realize that his various questions have been asked and answered a number of times. Then again, maybe he would NOT realize the truth bc his vision seems to be skewed by his various themes that we are all idiots (except him, of course). |
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Update: Bullish trendline being tested now! Make or break now.  WTF?  Are you on the same planet? There is NO testing of any bullish trend until after this auction... maybe 18 hours or so from now. Then we will have to see what is the state of affairs in bitcoin land to see whether bullish or bearish trends are being tested or going to be tested. |
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